NextGen Day

President Ferdinand “Bongbong” Marcos Jr. was hailed for doing a “wonderful job” in his first 100 days in office by Speaker Martin Romualdez on Thursday. He was credited with establishing the tone for leadership to help the nation’s economy recover.

Romualdez praised Marcos Jr. for creating a national budget sensitive to the country’s requirements and for guaranteeing a functioning government to ensure the implementation of the objectives he outlined in his eight-point economic program.

“I believe the President has made significant contributions to the government, especially through his Cabinet. And he has extremely transparent policies. Together with the Senate, the House of Representatives affirmed his economic framework (as presented in the proposed 2023 national budget), Romualdez announced in an impromptu press conference.

“We are well on our way after passing his budget on the third reading. The most significant piece of legislation is that one. That is the national budget until 2023; therefore, I think he did a fantastic job, Romualdez continued.

The proposed PHP5.268 trillion national budget for the upcoming fiscal year was enacted by the House of Representatives last Thursday under the leadership of Romualdez in a time-record manner.

The projected government expenditure plan reflects the need of a nation trying to recover from the pandemic’s negative impacts.

Romualdez also complimented the President’s most recent state visits to Indonesia, Singapore, and the US, claiming that they brought in a huge amount of much-needed foreign investment for the nation.

He also did a fantastic job involving our allies in the global community, where foreign direct investments would flow, the speaker added.

In reality, Romualdez added, “we have witnessed so much enthusiasm, and they welcome his leadership and his administration on his recent journeys from Indonesia, Singapore, and the United States, among our top trading partners, Singapore being the number one source of foreign direct investments.

During his visits to Singapore and Indonesia and his state visit to the US, the President received investment commitments totaling USD 14.36 billion and over USD 4 billion.

Romualdez stated, “So, despite the pressures and the global economic (downturn), we’re aiming for a rapid recovery, so we’re extremely excited for his administration.

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